Individual Investors Net Buyers Alone... KOSPI Trades Around 2700 Level

Published 15 Apr.2022 11:06(KST)

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] As the KOSPI shows a downward trend, the scale of net buying by individuals has increased, reducing the decline compared to the early session.

At 11:01 a.m. on the 15th, the KOSPI stood at 2702.64, down 0.6% (14.07 points) from the previous trading day. The index started the day at 2695.52, down 0.78% (21.19 points), showed a decline of over 1%, but then narrowed the drop. Looking at investor trends, individuals alone bought stocks worth 440.9 billion KRW, while foreigners and institutions sold stocks worth 161.2 billion KRW and 282.6 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics is down 1.19% from the previous trading day, at 66,700 KRW. It hit a new low in three trading days, presumably affected by the sharp decline in major semiconductor stocks in the U.S. market the day before. Other stocks also showed declines: SK Hynix (-2.27%), NAVER (-0.32%), Samsung SDI (-0.48%), Hyundai Motor (-0.56%), and LG Chem (-1.17%). LG Energy Solution (0.79%), Samsung Biologics (0.36%), and Kakao (0.42%) rose.

As inflation prolongs, hawkish remarks on interest rate hikes continue, causing global stock markets to remain weak. The day before, U.S. Treasury yields surged to 2.8%, pulling down major indices. Ji-yeon Hwang, a researcher at Kyobo Securities, said, “Although the perception that inflation has peaked has led to bottom-fishing and exploration of lows, momentum for a rebound is still lacking. Volatility in the commodity market continues with crude oil and natural gas surging again, and geopolitical risks are likely to prolong, maintaining market instability.”

At the same time, the index stood at 922.47, down 0.6% (5.54 points) from the previous trading day. The KOSDAQ index started the day at 921.53, down 0.7% (6.48 points), showing a steep decline but narrowed the drop due to individual buying. In the market, individuals bought stocks worth 152.3 billion KRW, while foreigners and institutions sold stocks worth 90 billion KRW and 62.5 billion KRW, respectively.

All top market capitalization stocks in the KOSDAQ market showed declines. EcoPro BM was down 0.15% from the previous trading day, at 458,100 KRW. Celltrion Healthcare (-2.27%), L&F (-0.46%), Pearl Abyss (-0.19%), Kakao Games (-0.45%), HLB (-0.82%), Celltrion Pharm (-2.34%), Chunbo (-2.99%), and Wemade (-1.46%) also fell.